A decentralized cloud computing altcoin is soaring after Korea’s biggest crypto exchange announced support for the digital asset. Akash Network (AKT) shot up Tuesday from low of $4 to a high of $6.74, a more than 68% increase after crypto exchange Upbit announced support. At time of writing, AKT has retraced slightly to $5.30 and is …
Quick Take Internet Computer (ICP) has witnessed an incredible 200% surge in just three months, climbing from $4.51 to $13.64. This meteoric rise has caught the attention of investors and analysts, driven by factors like the announcement of a physically backed Exchange Traded Product (ETP) and its listing on Coinbase’s global futures platform. As ICP …
Coinbase, in a bid to get institutional investors to engage with NFTs and DeFi, has launched a new service dedicated to do so. Under its Coinbase Prime division, the exchange has launched an institutional grade Web3 Wallet with advanced level security and utility provisions. Coinbase’s interest to increase the involvement of hefty investors into the …
Cryptocurrency investors have become more cautious about choosing their business partners due to the collapse of various platforms and concerns about regulatory crackdowns. These bankruptcies have trapped customer assets worth approximately $34 billion, prompting institutional investors to seek exchanges with stronger asset protection and implement new risk management measures. Altana Wealth’s Samed Bouaynaya states that …